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Ten y^^xr^' I(ent yaj$ for your Home. 



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Ten Years' Rent Pays for your Home 

-■ — -A-T 

NUTLEY, 

KBW JBMSBY, 
On Newark Branch 

Of Xew Vork, Lake Erie A Western Railway. 



13 Miles from City Hall, New York; 40 Minutes 
from New York Side ; 33 Daily Trains ; 
Yearly Commutation, $63, averaging 
$5.25 per Month. ^, 



ITS ATTRACTIONS 

/)$ a Suburban I^esid<^i7q^ 

TABLES OF EASY MONTHLY FAYMEHTS 

Showing how all may Own their Homes by Payments 

Less per Month than the Rental of Small 

Apartments in the City. 



COPYRIGHTED, 1888, BY JAMES R. HAY. 



New York: 
GLOBE STATIONERY AND PRINTING CO., 

No. 89 Liberty Street. 



y^i^- 



i^t DESIRE to own a home, a shelter for our family 
or those dependent on us for support, is inherent 
in the breast of every industrious man or woman. 
A home, either owned by ourselves, or rented 
from those who own it, is as necessary to our 
existence, as the food we eat, and the clothing we 
wear. It is this unavoidable necessity which renders the 
investment in private dwellings, one of the safest of all 
possible investments. As all self-supporting persons 
must either own their homes or rent them from others, 
we may with propriety divide the whole community into 
two great classes : the one home owners, the other home 
renters. The first, presupposes the possession of accumu- 
lated capital as represented by the property owned ; the 
second, the ability to pay money to those who constitute 
the first class, the owners of property. The aim of every 
worthy member of the second class, is, by industry, 
prudence and economy, to transfer himself to the first 
class, become the possessor of accumulated labor or 
capital, and having accomplished this he or she instinc- 
tively desires to escape the thraldom of perpetual rent 
paying and become the possessor of a permanent home, 
within whose sheltering walls the wife and children, or 
the mother and sisters may find a secure resting-place, 
and from which no vicissitudes of fortune, revulsions in 
business, or the inevitable return of the dreaded rent 
day can expel them. While securing to himself a safe 
investment at legal rates of interest on the capital 



invested, it is primarily the object of the owner of the 
property herein offered for sale, to afford the opportunity 
to all intelligent persons now paying rent for the homes 
they occupy to become owners instead of tenants, and by 
a small addition to the amount each now pays for rent, 
become in ten years' time the owners of their homes. 
To pass from the second class, as named above, to the 
first class, to be accumulators of capital, and not depend- 
ents on the. demands of the landlord, the careful pe- 
rusal of these few pages will clearly explain his plan, and 
prove that those who avail themselves of it, have 

A NEVER FAILING SAVINGS BANK, 

under their own control, in which their savings can be 
securely deposited, beyond possibility of loss from mis- 
managing directors or defaulting officers, and in which 
every dollar placed brings them a large return. 

This property is located at the attractive and pic- 
turesque village of Nutley, Essex County, New Jersey, 
thirteen miles from the City Hall, New York City, on 
the Newark Branch of the New York, Lake Erie and 
Western Railway, with ferries at Chambers street and 
Twenty-third street ; distant in time forty minutes 
from the New York side, with thirty-three daily trains, 
with low rates of commutation averaging $5.25 per 
month. No suburban locality within the same dis- 
tance of New York City offers the varied attractions for 
a country home, as are found at Nutley and vicinity. 
The land is high and rolling with perfect drainage. The 
landscape, picturesque and beautiful, presenting a suc- 
cession of wooded hills, cultivated valleys, dotted with 
rural homes, and enlivened by the gleaming waters of 



the Passaic River winding: its way through hill and val- 
ley. The soil is rich and fertile, with substratum of clean 
gravel, thus affording a pure aud wholesome water, a 
necessity to health and comfort. Situated on the west 
side of the Passaic River, it is distant about five miles 
from the business centre of Newark, three from Mont- 
clair, two from Passaic and two from Bloomfield. Wash- 
ington Avenue, one hundred feet wide, paved with 
Telford pavement and extending from Newark to the 
line of Passaic County, passes through the centre of the 
village and affords a splendid roadway to those fond of 
equestrian exercise. Within easy walking distance 
(eight minutes) of our property is the favorite boating 
section of the Passaic River. During the Summer and 
Fall numerous rowing clubs hold their competitive 
regattas here and attract friends and visitors from ad- 
jacent towns and cities ; boating, bathing and fishing are 
desirable summer amusements accessible to all who live 
at Nutley. 

In time, Nutley is nearer the centre of business in 
New York City, than the outlying portions of Harlem or 
Brooklyn, and is reached with greater comfort and ease 
by the daily commuter, in commodious cars, free from the 
dangerous crowd and rush that attends the use of our 
elevated trains. The New York, Lake Erie and Western 
Railway Company are far in advance of any railway 
entering New York City in well appointed cars, frequency 
of trains, low rates of commutation, and generally liberal 
appreciation of the value of local suburban travel, all of 
which, inures to the direct benefit of those selecting their 
homes on this road. Three stations, within two minutes 
by rail of each other, Avondale, Nutley and Franklin, 
furnish unusual facilities for locating within easy walking 



distance of your home. Every portion of our property 
can be reached from one or the other of these stations in 
from five to eight minutes by good roads and sidewalks. 
Nutley and its immediate vicinity comprises a popula- 
tion of nearly 2,500 with well-supplied stores and markets. 
The butcher and grocer call daily at your door, the aver- 
age cost of household supplies is much less than in the 
city. Taxes, which consume so large a proportion of the 
income value of city real estate are here comparatively 
nominal. Four churches. Episcopal, Dutch Reformed, 
Methodist and Catholic, centrally located, two well- 
graded public and two private schools, afford ample 
religious and educational advantages, equal to any sub- 
urban locality. In addition to these, school tickets, to 
and from Newark, are sold by the Railroad Company at 
low rates, to enable those more advanced in their studies 
to avail themselves of the Public Grammar Schools and 
Normal College there located. These compare favorably 
in course of instruction and grade of studies pursued 
with the best schools in New York and Brooklyn. 
With this brief description of Nutley, we pass to the 
explanation of our ten year payment plan by which 
every one now paying rent, may apply the amount 
so paid on the purchase of a home, and during ten years 
of occupancy be both landlord and tenant, and at the 
expiration of that time the owner of the property occu- 
pied. As a pledge of the purchaser's good intentions to 
comply with the terms of his contract, a payment of ten 
per cent, of the stipulated cost of house and ground is 
required at time of signing contract and taking posses- 
sion. The remaining ninety per cent, with interest at 
the rate of six per cent, per annum, will be equally dis- 
tributed over a period of ten years, to be paid in equal 



monthly or quarterly instalments as purchaser may elect. 
The following tables show the total amount paid, the 
amount paid annually, and the amount paid monthly on 
a contract for the purchase of a house and plot costing 
respectively, $2,250, $3,500, $4,000 and $5,500. If pur- 
chasers so elect they may at any time after forty per 
cent, of purchase price has been paid, take title and 
give a mortgage running three or five years for the 
balance. Special and very liberal terms will be made 
with anyone desiring to have a more costly dwelling 
erected on a larger plot of ground. We have now built 
and ready for occupancy houses for sale on this rent sav- 
ing plan, as follows : 

Houses 25x30, 2 stories and attic, 6 rooms ; 

plot, 50x120 $2,250 00 

Monthly payments on above, averaging 22 44 
" 25x35, 2 stories and attic, 8 rooms; plot, 

60x160 3,500 00 

Monthly payments on above, averaging 34 91 
" 33x45, 2 stories and attic, 11 rooms; re- 
plete with every modern improve- 
ment, hot and cold water bath, toi- 
let,open fire places, hard wood finish, 
register in every room; plot, 65x125, 5,500 00 
Monthly payments on above, averaging 54 S6 
As the houses above specified would readily com- 
mand, if rented, the ten per cent, required to be paid at 
time of purchase as annual rent, we are fully justified in 
claiming that, 
TEN YEARS' RENT PAYS FOR YOUR HOME. 
As a tenant, you have nothing to show for the money 
you pay monthly for rent, when the month's occupancy 
has expired. As a purchaser on our ten year payment 
plan, every dollar you pay is increasing your equity in 
your own home and is accumulated savings under your 
own control. 



Table of Payments in Monthly Instalments, 



Payments in 10 years in Monthly Instal- 
ments, Interest at G per cent, on De- 
ferred Payments, paying in full for 
House and Land at $2^250. 



PAYMENTS. 



10 per cent, at time 
of purchase 



Payment 1st Year. 
Tn teres t 

Payment 2d Year. 
Interest 



Payment 3d Year. . 
Interest 

Payment 4th Year.! 
Interest | 

Payment 5th Year. 
Interest 



Payment 6th Year. ' 
Interest 



Payment 7th Year. 
Interest 



Payment 8th Year. 
Interest 

Payment 9th Year. 
Interest 



Payment 10th Year 
Interest 

Totals 



1202 50 
121 50 

202 50 
109 35 

202 50 
97 20 

202 50 
85 05 

202 50 
72 90 

202 50 
60 75 

202 50 
48 60 

202 50 
36 45 

202 50 
24 30 

202 50 

12 15 



TOTAL. 


$225 00 


324 00 


311 85 


299 70 . 


287 55 


275 40 


263 25 


251 10 


238 95 


226 80 


214 65 


$2,918 25 



Each 
Month. 



$27 00 
25 99 
24 98 
23 96 
22 95 
21 94 
20 93 
19 91 
18 90 

17 89 

$224 45 



Payments : 
Monthly 
Interest j 
on Defi 
ments, pi 
for Hous 
at S3,50« 



Average Payment per Month $22 44 







$315 00 
189 00 


315 00 
170 10 


315 00 
151 20 


315 00 
132 30 


315 00 
113 40 


315 00 
94 50 


315 00 
75 60 


315 00 

56 70 


315 00 
37 80 


315 00 

18 90 

1 



Average Pa; 
per Month 



ig in full for House and Land in Ten Years. 


3ars in 
ments. 
r cent 

Pav- 
In fall 

Land 


Payments in 10 years in 
Monthly Instalments, 
Interest at 6 per cent, 
on Deferred Pay- 
ments, paying in full 
for House and Land 
at $4,000. 


Payments in 10 years in 
Monthly Instalments, 
Interest at 6 per cent, 
on Deferred Pay- 
ments, paying in full 
for House and Land 
at $5,500. 


Each 
Month. 




TOTAL. 


Each 
Month. 




TOTAL. 


Each 
Month. 







$400 00 






$550 00 




$42 00 


$360 00 
216 00 


576 00 


$48 00 


$495 00 
297 00 


792 00 


$66 GO 


40 43 


360 00 
194 40 


554 40 


46 20 


495 00 
267 30 


762 30 


63 53 


38 85 


360 00 
172 80 


532 80 


44 40 


495 00 
237 60 


732 60 


61 05 


37 28 


360 00 
151 20 


511 20 


42 60 


495 00 
207 90 


702 90 


58 58 


35 70 


360 00 
129 60 


489 60 


40 80 


495 00 

178 20 


678 20 


56 10 


34 13 


360 00 
108 00 


468 00 


39 00 


495 00 
148 50 


643 50 


53 63 


32 55 


360 00 
86 40 


446 40 


37 20 


495 00 

118 80 


613 80 


51 15 


30 98 


360 00 

64 80 


424 80 


35 40 


495 00 

89 10 


584 10 


48 68 


29 40 


360 00 
43 20 


403 20 


33 60 


495 00 
59 40 


554 40 


46 20 


27 83 


360 00 
21 60 


881 60 

$5,188 00 


31 80 


495 00 
29 70 


524 70 
$7,133 50 


43 73 


$349 15 


$399 00 


$548 65 


it 

$34 91 


Average Paymen 
per Month . . 


t 
$39 90 


j Average Payment 

per Month $54 86 



A simple analysis of the above tables show: 
As a purchaser of house and land at $2,250, you 

pay principal and interest in ten years 12,918.25 

As tenant of same, at $18.75 P^^ month rent, 

you pay 2,250 00 



Excess in ten years as purchaser, over rent. §668.25 
or practically by the annual payment of only $66.82 for 
ten years, in excess of what you would have paid for 
rent, and for which you have nothing to show, you 
become the owner of your home without a dollar of 
encumbrance. 
Again, as purchaser of house and land at $3,500, 

you pay principal and interest in ten years.... $4,539.40 
As tenant of same, at I29.17 rent per month, 

you pay 3,500 00 



Excess in ten years as purchaser, over rent. $1,039. 40 
or by the payment annually of only $103.95, i" excess of 
what you would have paid for rent, you own your home. 
The same rule applies to each table. 

With these figures before you, the startling results 
of which may never before have been brought to your 
notice, who will continue to pay, year after year, rent 
which may truly be said, " to perish in the using " when 
the same money with so small an amount added will 
purchase a home, which may in time double in value. 
The very fact that your monthly rent is by our ten year 
PAYMENT PLAN, monthly savings deposited in the securest 
bank, growing and increasing annually, necessarily be- 
gets the habit of economy and the desire to save, and 
this is in itself one of the strong inducements for the 
adoption of our plan of purchase. Should circumstances 

ro 



compel your removal to some other place during the 
existence of your contract you have your equity in the 
same, transferable to any purchaser, and your accumu- 
lated rent as capital at your command. Should the 
purchaser of one of our homes, say at $3,500, after having 
paid in ten years in full for his home continue the prac- 
tice of laying aside each month the sum he paid monthly 
during the first year of his purchase, and invest the same 
at six per cent, interest with accrued interest added to 
the principal, he would in ten years have accumulated 
over seven thousand dollars. Thus should his annual 
earnings remain the same as when he first began the 
purchase of his home, he would in twenty years be the 
possessor of his house and land with over seven thousand 
dollars at interest. Who may not on our ten year pay- 
ment PLAN possess a competency which with content- 
ment is better than great riches ? 

Plans and specifications of houses above named 
with photographs of same, and numerous photographic 
views of Nutley and vicinity, can be seen by calling at 
Room 9, No. 84 Broadway, New York City, where all 
further information desired will be given by 

JAMES R. HAY. 



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